veeto
Home
Bills
Influence
Feedback
hamburger
    Privacy Policy
    © 2025 Veeto. All rights reserved.
    SB-573
    Budget & Economy

    Personal Income Tax Law: exclusions: guaranteed income pilot programs.

    Introduced
    CA
    ∙
    2025-2026 Regular Session
    0
    0
    Track
    Track

    Key Takeaways

    • Extends tax exemption for guaranteed income pilot program payments through July 2031.
    • Provides continued financial relief to vulnerable Californians receiving pilot program payments.
    • Takes effect immediately upon passage as a tax levy.

    Summary

    Senator Smallwood-Cuevas proposes extending California's tax exclusion for guaranteed income pilot program payments through July 1, 2031, maintaining financial support mechanisms for program participants. The measure continues the current policy that allows recipients to exclude these payments from their gross income calculations for state tax purposes.

    The legislation maintains the existing framework while adjusting the sunset dates, with the exclusion becoming inoperative on July 1, 2031, and formal repeal taking effect January 1, 2032. This represents a five-year extension from the current expiration date of July 1, 2026. The bill's findings note that the extension aims to continue support for vulnerable Californians, though no data collection requirements are included in the measure.

    As a tax levy, the legislation would take effect immediately upon enactment, requiring a majority vote for passage. The measure makes no changes to program operations or eligibility requirements, focusing solely on extending the tax treatment of payments received through qualified pilot programs.

    Key Dates

    Next Step
    Referred to the Senate Standing Committee on Revenue and Taxation
    Next Step
    Senate Committee
    Referred to the Senate Standing Committee on Revenue and Taxation
    Hearing has not been scheduled yet
    Introduced. Read first time. To Com. on RLS. for assignment. To print.
    Senate Floor
    Introduced. Read first time. To Com. on RLS. for assignment. To print.
    Introduced. Read first time. To Com. on RLS. for assignment. To print.

    Contacts

    Profile
    Tim GraysonD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tom UmbergD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Angelique AshbyD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lola Smallwood-CuevasD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Jerry McNerneyD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    0 of 6 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Tim GraysonD
    Senator
    Committee Member
    Profile
    Tom UmbergD
    Senator
    Committee Member
    Profile
    Angelique AshbyD
    Senator
    Committee Member
    Profile
    Lola Smallwood-CuevasD
    Senator
    Bill Author
    Profile
    Jerry McNerneyD
    Senator
    Committee Member
    Profile
    Suzette ValladaresR
    Senator
    Committee Member

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Lola Smallwood-Cuevas
    Lola Smallwood-CuevasD
    California State Senator
    10% progression
    Bill has been formally introduced and read for the first time in its house of origin (2/20/2025)

    Key Takeaways

    • Extends tax exemption for guaranteed income pilot program payments through July 2031.
    • Provides continued financial relief to vulnerable Californians receiving pilot program payments.
    • Takes effect immediately upon passage as a tax levy.

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Lola Smallwood-Cuevas
    Lola Smallwood-CuevasD
    California State Senator

    Summary

    Senator Smallwood-Cuevas proposes extending California's tax exclusion for guaranteed income pilot program payments through July 1, 2031, maintaining financial support mechanisms for program participants. The measure continues the current policy that allows recipients to exclude these payments from their gross income calculations for state tax purposes.

    The legislation maintains the existing framework while adjusting the sunset dates, with the exclusion becoming inoperative on July 1, 2031, and formal repeal taking effect January 1, 2032. This represents a five-year extension from the current expiration date of July 1, 2026. The bill's findings note that the extension aims to continue support for vulnerable Californians, though no data collection requirements are included in the measure.

    As a tax levy, the legislation would take effect immediately upon enactment, requiring a majority vote for passage. The measure makes no changes to program operations or eligibility requirements, focusing solely on extending the tax treatment of payments received through qualified pilot programs.

    10% progression
    Bill has been formally introduced and read for the first time in its house of origin (2/20/2025)

    Key Dates

    Next Step
    Referred to the Senate Standing Committee on Revenue and Taxation
    Next Step
    Senate Committee
    Referred to the Senate Standing Committee on Revenue and Taxation
    Hearing has not been scheduled yet
    Introduced. Read first time. To Com. on RLS. for assignment. To print.
    Senate Floor
    Introduced. Read first time. To Com. on RLS. for assignment. To print.
    Introduced. Read first time. To Com. on RLS. for assignment. To print.

    Contacts

    Profile
    Tim GraysonD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tom UmbergD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Angelique AshbyD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lola Smallwood-CuevasD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Jerry McNerneyD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    0 of 6 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Tim GraysonD
    Senator
    Committee Member
    Profile
    Tom UmbergD
    Senator
    Committee Member
    Profile
    Angelique AshbyD
    Senator
    Committee Member
    Profile
    Lola Smallwood-CuevasD
    Senator
    Bill Author
    Profile
    Jerry McNerneyD
    Senator
    Committee Member
    Profile
    Suzette ValladaresR
    Senator
    Committee Member